Agree but 30% premium to current SP will not cut it, the price has fallen over 35% in less than 2 months.
Takeover bid will need to be over $14 and even then might struggle to get enough support....Rathbone holds over 10% and parties close to him have control of another 15%. That 25%+ stake is vital to any takeover success.
Just because he offloaded a smallish stake in the capital raising at $11.25 doesn't mean he will give the company away at bargain basement prices!
takeover rumours, page-4
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$4.62 |
Change
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Mkt cap ! $1.766B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1990 | $4.61 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.63 | 6314 | 4 |
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